Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • CCUS
  • Cap & Trade Markets
  • Voluntary Markets & Offsets
  • Corporate & Finance
  • Net Zero Strategies
  • Podcasts
Search
Related Articles
China eyes global collaboration on CCUS
Sinopec hosts launch of global sharing platform as Beijing looks to draw on international investors and expertise
Nigeria bids to unlock carbon market billions
Africa’s most populous nation puts cap-and-trade and voluntary markets at the centre of its emerging strategy to achieve net zero by 2060
EU’s binding CCS targets: A burden or a blessing?
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
EU proposes 90% 2050 climate target
European Commission introduces new flexibilities for member states to ease compliance with headline goal
Colombia sets the voluntary carbon standard
Andean country has become a leading destination for voluntary carbon credit investment, but challenges remain
Carbon capture tops agenda at GPAE Conference 2025
Gas Processors Association Europe brings together leading specialists at annual event in Netherlands to analyse the challenges and opportunities presented by technology at heart of Europe’s decarbonisation strategy
Letter on carbon: Capturing the value of CCUS
Eni’s CCUS deal with BlackRock’s Global Infrastructure Partners reflects a growing belief among big investors in the CCUS growth story
CCS becoming part of Africa’s development path, part 2
Africa faces challenges in adopting CCS but also has vast potential, with the technology being not just a climate tool but a catalyst for development
CCS becoming part of Africa’s development path, part 1
Rather than a simple climate option, CCS is now being seen as a workable solution for Africa’s growth strategy
Plugging the gaps in CCUS with policy, finance and stakeholder trust
Carbon capture, utilisation and storage needs stable policy, investable frameworks and coordinated infrastructure if it is to be developed at scale
The carbon management sector is growing
Carbon capture Markets
Stuart Penson
4 April 2023
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

More CCUS projects reach FID as confidence grows

Policy incentives and rising carbon prices embolden developers as hub model gains traction, IEA says

Developers of CCUS and direct air capture projects have taken FID on about 15 projects since the start of 2022, up from eight in 2021, as confidence in the sector grows on the back of policy incentives, climate pledges and rising carbon prices, according to the IEA. More than 140 new projects were announced in 2022, increasing planned storage capacity by 80pc and capture capacity by 30pc, IEA data shows. CCUS projects were announced in seven additional countries in central and southern Europe, the Middle East and Southeast Asia, bringing the total number of countries with plans to develop CCUS to 45. “Governments and companies are increasingly recognising that deploying CCUS to meet decarbon

Also in this section
China eyes global collaboration on CCUS
22 July 2025
Sinopec hosts launch of global sharing platform as Beijing looks to draw on international investors and expertise
Nigeria bids to unlock carbon market billions
22 July 2025
Africa’s most populous nation puts cap-and-trade and voluntary markets at the centre of its emerging strategy to achieve net zero by 2060
EU’s binding CCS targets: A burden or a blessing?
17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
Brazil eyes leadership role in global carbon market
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30

Share PDF with colleagues

Rich Text Editor, message-text
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Rich Text Editor, txt-link-message
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search

  • CCUS
  • Cap & Trade Markets
  • Voluntary Markets & Offsets
  • Corporate & Finance
  • Net Zero Strategies
  • Podcasts
Search